Nokia is definitely trying to hit the ball out of the park. Nokia announced it’s Q4 result which is surprisingly solid and which even helped increase their stock prices.
Nokia says ‘Smart Devices’ net sales came in at approximately 1.2 billion euros ($1.57 billion), with total volumes of 6.6 million units. Of those, 4.4 million units were Lumia smartphones. This means it sold more Lumia devices than it did in the last two quarters.
In its press release, Nokia says its ‘Devices & Services’ unit likely exceeded expectations and “achieved underlying profitability” in the fourth quarter of 2012, as both its Mobile Phones business unit and Lumia portfolio delivered better-than-expected results.
Furthermore, Nokia notes, operating expenses came in lower than expected. That always helps.
Commenting on the preliminary Q4 financial information, Stephen Elop, Nokia CEO, said:
“We are pleased that Q4 2012 was a solid quarter where we exceeded expectations and delivered underlying profitability in Devices & Services and record underlying profitability in Nokia Siemens Networks. We focused on our priorities and as a result we sold a total of 14 million Asha smartphones and Lumia smartphones while managing our costs efficiently, and Nokia Siemens Networks delivered yet another very good quarter.”
In all, total smartphone volumes in Q4 2012 were 15.9 million units – 9.3 million Asha full-touch smartphones, 4.4 million Lumia smartphones and 2.2 million Symbian smartphones. Yup, Lumia finally beat Symbian!
The company says it will provide more details when it reports fourth-quarter and full-year 2012 results on January 24, 2013. We are waiting!